Advisory Committee
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An Advisory Committee is
a simple way to make better decisions and structure your company's growth
Running a business involves making important decisions and thinking about its growth and long-term sustainability. To do so effectively, entrepreneurs benefit from taking a step back and surrounding themselves with people who can bring different perspectives.
This is precisely the role of an advisory committee. Made up of individuals selected for their experience, expertise and ability to enrich strategic thinking, it allows entrepreneurs to challenge their ideas, explore new avenues and address key issues, whether related to growth, acquisitions, mergers, succession, transformation or any other strategic matters specific to their business.
Particularly well suited to SMEs, an advisory committee provides entrepreneurs with valuable support as they navigate the various stages of their company’s development and face increasingly complex challenges. It helps inform their decisions and contributes to the company’s long-term sustainability. Its role is strictly advisory: it provides guidance, asks questions and enriches strategic thinking, but has no decision-making authority. It often represents a first step in the evolution of a company’s governance, before the potential establishment of a board of directors, while leaving decision-making authority entirely in the hands of the entrepreneur.
Why establish an advisory committee?
To make better decisions without adding complexity to the company’s structure. An advisory committee creates a structured space where entrepreneurs can regularly reflect on their company’s strategic direction, anticipate the next steps and further develop their thinking. It broadens their perspective!
Over time, committee members develop a deeper understanding of the company, its ambitions and its challenges. This continuity allows for more in-depth discussions, ongoing reflection and long-term support for the entrepreneur.
The advisory committee thus becomes a valuable tool for supporting the company’s growth, strengthening strategic thinking, driving performance and contributing to its long-term sustainability.
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In practical therms, here's how
we set up your advisory committee :
Step 1: Defining your needs
- Kick-off meeting to gain an understanding of the company’s context
- Identification of the expertise needed to complement your own
- Definition of the desired skills profile
Step 2: Organizing the Advisory Committee
- Definition of the committee’s roles and responsibilities
- Establishment of operating guidelines
- Determination of committee members’ compensation
- Organization of meeting and work logistics
Step 3: Recruitment and Onboarding
- Launch of the recruitment process and outreach to potential candidates
- Candidate assessments
- Selection of committee members
- Reference and background checks
- Support for new members as they take on their roles
Étape 4 : Lancement du comité
- Preparation for the first meeting (co-development of the agenda, coaching the entrepreneur on facilitating committee meetings, etc.)
- Support from Point Cardinal during the committee’s first meeting
- Support for subsequent meetings, as needed